Will the authorities wake up?
Under IT scanner: 7500 Indians who own prime homes in Dubai. The Indian Express dtd19/10/2018.
It is high time RBI also wake up and verify the remittances being allowed by authorised dealers violating FEMA norms under the LRS scheme. There are occasions they allowed remittances more than the amount due to the builder within the LRS limits to balance future higher payments beyond LRS limits.
LRS is a scheme with vague guidelines and notifications and bill monitoring with such a huge limits is abused to the hilt. It is actually a legal route provided for money laundering and round tripping by regulator. more
It is high time RBI also wake up and verify the remittances being allowed by authorised dealers violating FEMA norms under the LRS scheme. There are occasions they allowed remittances more than the amount due to the builder within the LRS limits to balance future higher payments beyond LRS limits.
LRS is a scheme with vague guidelines and notifications and bill monitoring with such a huge limits is abused to the hilt. It is actually a legal route provided for money laundering and round tripping by regulator. more
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Indian business man, corrupt officials and politicians convert their money into real-state properties india and abroad. Real-state cleanness required. Now a days black money comes from various way, By increasing price of Medicine, Property, commodities and restaurant business and service industry. doctor charge Rs 1500 for consultancy , 1 plate dal fry cost Rs 250, 1 Pc Roti cost Rs 35. 1 pc Diabetic tabulate cost Rs 35. simple Hair cut Rs 350. more
Oct 22
What has the Govt of India to say on the issue, an important matter? more
Oct 20
They will not answer.See how they are delaying Lok Pal implementation. more
Oct 24
It has become a fashion to loot tax payers money systematically and invest on foreign lands. Such Indians had bought properties in the best cities of the world. The bribe/black money is transferred through various channels. The high rates of taxes and lax law enforcing bodies are responsible for this situation. The lengthy, non accountable and corrupt judicial system has contributed a lot to help the unscrupulous business men and corrupt officials. In fact, the whole system has rotten during the last 50 years as every body has developed lust for easy money. more
Oct 20
There are several offences committed by rich community n law makers don’t gauze intentionally. Just pity ourselves more
Oct 20
